Here’s How Much Public Pensions Are In The Hole By Per U.S. Resident

Although some government agencies have demonstrated a desire to deal with the pension crisis, the problem of unfunded liabilities continues to get worse year after year. A new report pegs U.S. public pensions' unfunded liabilities at nearly $6 trillion as of 2018. That amounts to a whopping $18,300 per U.S. resident.

Q4 hedge fund letters, conference, scoops etc

Using “realistic” assumptions

One of the big issues in the U.S. pension crisis is the fact that many funds are estimating their returns based on unrealistically high assumptions. The American Legislative Exchange Council (ALEC) made a point of emphasizing that its $5.96 trillion estimate for unfunded liabilities was made "using...